2 Hungerford Villas, Vauxhall Street, St Helier: Sale

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A decision made on 27 April 2011:

Decision Reference: MD-PH-2011-0046

Decision Summary Title :

DS – 2 Hungerford Villas, Vauxhall Street, St Helier - Sale

Date of Decision Summary:

18/04/2011

Decision Summary Author:

Principal Valuer

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

WR - 2 Hungerford Villas, Vauxhall Street, St Helier - Sale

Date of Written Report:

18/04/2011

Written Report Author:

Principal Valuer

Written Report :

Public or Exempt?

Exempt Clause refs. 3.2.1(a)(i)

SD - Public

Subject: 2 Hungerford Villas, Vauxhall Street, St Helier - Sale

(AF 967)

Decision(s):

1. The Minister accepted the recommendation of the Minister for Housing:

1.1 Regarding the sale of 2 Hungerford Villas, Vauxhall Street, St Helier for the sum of £355,000.

1.2 That capital receipts from the sale of this property to be credited to the Housing Department’s Capital Works Programme, rather than the Consolidated Fund, under Article 15(3) of the Public Finances (Jersey) Law 2005 and Financial Direction 6.6, in accordance with MD-TR-2010-0148;

Reason(s) for Decision:

1. Under Standing Order 168 (1) (a) and 168 (2) (a) and (b) the Minister accepts the recommendation of a body established by the States to manage land and buildings owned by the Public of Jersey in respect of the disposal of land.

2. Under Standing Order 168 (5) the Minister hereby authorised the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public.

Resource Implications:

The Housing Department will receive a capital receipt as identified above, whilst foregoing a rental in respect of the above property. The capital receipt to be credited to the Housing Department’s Capital Works Programme.

Action required:

In accordance with Standing Order 168 (3) this decision must be presented to the States at least 15 working days before the contract is passed. After the expiry of 15 working days following presentation to the States the transaction may be concluded.

The Director of Jersey Property Holdings is to instruct the Attorney General and the Greffier to pass the necessary contract, and to copy this decision to the Chief Executive of the Housing Department, the Minister, Treasurer and Deputy Treasurer.

The Housing Department to action the necessary accounting and budget transfers.

Signature:

Position:

Connétable J M Réfault *

Assistant Minister for Treasury & Resources

Date Signed:

Date of Decision (If different from Date Signed):

MD-PH-2011-0046